What exactly happened on December 2, 2013?
First, we changed the name of our parent company from Standard Parking Corporation to SP Plus Corporation and, in Canada, we changed Standard Parking of Canada’s name to SP Plus Corporation Canada.
Secondly, we changed the ticker symbol that our stock trades under on the Nasdaq from STAN to SP.
Why did you change the Company name?
We changed the Company’s name because we have grown into more than just a parking company. Certainly we’re still the largest provider of parking management services in North America with our Standard Parking and Central Parking brands (and our USA Parking brand in the hospitality industry), but the fact is we also provide:
- Ground transportation services – we operate a fleet of more than 750 shuttle buses and transport more than 41 million passengers every year.
- Facility maintenance services in 28 U.S. cities – we can sweep, scrub, power wash, paint and stripe the parking garages, and provide other seasonal services such as snow removal.
- Professionally trained and licensed security officers in six states and in Canada, and we’ll expand into other states as client needs dictate.
- Event logistics services for major special events (like the Super Bowl, the Olympic Games, the NCAA Final Four, World Cup Soccer and even the Presidential Inauguration) and major event venues (like Dodger Stadium, FedEx Field and MetLife Stadium).
Given the breadth of our service lines, it became important for our company to have a name that doesn’t give the impression we’re just a parking company.
I notice you’re still operating many of your garages under your Standard Parking and Central Parking brands. Why?
We didn’t want to cause confusion by making an immediate switch to an unfamiliar brand because our clients and consumers had known us for years as Standard Parking and Central Parking. We now have started the process of converting our garage operations to our new SP+ Parking brand. The conversion will take place gradually but we expect it to be substantially completed by the end of 2015.
I’ve been paying for my monthly parking online through your website. Can I still do that on your new website?
Absolutely. Click on “Monthly Payment” at the top right of any page, then select the “Standard Parking” or “Central Parking” options.